EX-99.11 12 ex99-11.htm PRESS RELEASE
Exhibit 11

British American Tobacco p.l.c.
(“the Company”)

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
 
The Company has been notified by the trustee of the British American Tobacco Share Incentive Plan that on 7 November 2025 the following Executive Director and other persons discharging managerial responsibilities acquired the following ordinary shares of 25p each in British American Tobacco p.l.c. as a result of the reinvestment of dividend income.

1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Tadeu Marroco 
2
Reason for the notification
a)
Position/status
Chief Executive 
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Acquisition of shares as a result of the reinvestment of dividend income by the Trustee of the British American Tobacco Share Incentive Plan. 
c)
Price(s) and volume(s)
       
     
Price(s)
Volume(s)
 
     
£41.49623
36
 
           
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
36
 
£1,493.86
e)
Date of the transaction
2025-11-07
f)
Place of the transaction
London Stock Exchange (XLON)


 

1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Javed Iqbal
2
Reason for the notification
a)
Position/status
Interim Chief Financial Officer and Director, Digital and Information
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Acquisition of shares as a result of the reinvestment of dividend income by the Trustee of the British American Tobacco Share Incentive Plan. 
c)
Price(s) and volume(s)
       
     
Price(s)
Volume(s)
 
     
£41.49623
7
 
           
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
7
 
£290.47
e)
Date of the transaction
2025-11-07
f)
Place of the transaction
London Stock Exchange (XLON)



 
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Johan Vandermeulen
2
Reason for the notification
a)
Position/status
Chief Operating Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Acquisition of shares as a result of the reinvestment of dividend income by the Trustee of the British American Tobacco Share Incentive Plan. 
c)
Price(s) and volume(s)
       
     
Price(s)
Volume(s)
 
     
£41.49623
32
 
           
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
32
 
£1,327.88
e)
Date of the transaction
2025-11-07
f)
Place of the transaction
London Stock Exchange (XLON)



 
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
James Murphy
2
Reason for the notification
a)
Position/status
Director, Research and Science
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Acquisition of shares as a result of the reinvestment of dividend income by the Trustee of the British American Tobacco Share Incentive Plan. 
c)
Price(s) and volume(s)
       
     
Price(s)
Volume(s)
 
     
£41.49623
18
 
           
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
18
 
£746.93
e)
Date of the transaction
2025-11-07
f)
Place of the transaction
London Stock Exchange (XLON)



 
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Luciano Comin
2
Reason for the notification
a)
Position/status
Chief Marketing Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Acquisition of shares as a result of the reinvestment of dividend income by the Trustee of the British American Tobacco Share Incentive Plan. 
c)
Price(s) and volume(s)
       
     
Price(s)
Volume(s)
 
     
£41.49623
17
 
           
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
17
 
£705.44
e)
Date of the transaction
2025-11-07
f)
Place of the transaction
London Stock Exchange (XLON)



 
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Kingsley Wheaton
2
Reason for the notification
a)
Position/status
Chief Corporate Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Acquisition of shares as a result of the reinvestment of dividend income by the Trustee of the British American Tobacco Share Incentive Plan. 
c)
Price(s) and volume(s)
       
     
Price(s)
Volume(s)
 
     
£41.49623
15
 
           
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
15
 
£622.44
e)
Date of the transaction
2025-11-07
f)
Place of the transaction
London Stock Exchange (XLON)



 
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
David Waterfield
2
Reason for the notification
a)
Position/status
President and CEO, Reynolds American Inc.
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Acquisition of shares as a result of the reinvestment of dividend income by the Trustee of the British American Tobacco Share Incentive Plan. 
c)
Price(s) and volume(s)
       
     
Price(s)
Volume(s)
 
     
£41.49623
24
 
           
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
24
 
£995.91
e)
Date of the transaction
2025-11-07
f)
Place of the transaction
London Stock Exchange (XLON)



 
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Fred Monteiro
2
Reason for the notification
a)
Position/status
Regional Director, Americas & Europe
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Acquisition of shares as a result of the reinvestment of dividend income by the Trustee of the British American Tobacco Share Incentive Plan. 
c)
Price(s) and volume(s)
       
     
Price(s)
Volume(s)
 
     
£41.49623
25
 
           
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
25
 
£1,037.41
e)
Date of the transaction
2025-11-07
f)
Place of the transaction
London Stock Exchange (XLON)



 
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Jerome Abelman
2
Reason for the notification
a)
Position/status
Director, Legal and General Counsel
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Acquisition of shares as a result of the reinvestment of dividend income by the Trustee of the British American Tobacco Share Incentive Plan. 
c)
Price(s) and volume(s)
       
     
Price(s)
Volume(s)
 
     
£41.49623
33
 
           
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
33
 
£1,369.38
e)
Date of the transaction
2025-11-07
f)
Place of the transaction
London Stock Exchange (XLON)



 
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Zafar Khan
2
Reason for the notification
a)
Position/status
Director, Operations
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Acquisition of shares as a result of the reinvestment of dividend income by the Trustee of the British American Tobacco Share Incentive Plan. 
c)
Price(s) and volume(s)
       
     
Price(s)
Volume(s)
 
     
£41.49623
8
 
           
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
8
 
£331.97
e)
Date of the transaction
2025-11-07
f)
Place of the transaction
London Stock Exchange (XLON)



 
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Paul McCrory
2
Reason for the notification
a)
Position/status
Director, Legal and General Counsel Designate
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Acquisition of shares as a result of the reinvestment of dividend income by the Trustee of the British American Tobacco Share Incentive Plan. 
c)
Price(s) and volume(s)
       
     
Price(s)
Volume(s)
 
     
£41.49623
17
 
           
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
17
 
£705.44
e)
Date of the transaction
2025-11-07
f)
Place of the transaction
London Stock Exchange (XLON)



 
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
James Barrett
2
Reason for the notification
a)
Position/status
Director, Business Development
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Acquisition of shares as a result of the reinvestment of dividend income by the Trustee of the British American Tobacco Share Incentive Plan. 
c)
Price(s) and volume(s)
       
     
Price(s)
Volume(s)
 
     
£41.49623
58
 
           
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
58
 
£2,406.78
e)
Date of the transaction
2025-11-07
f)
Place of the transaction
London Stock Exchange (XLON)



 
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Cora Koppe-Stahrenberg 
2
Reason for the notification
a)
Position/status
Chief People Officer 
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
British American Tobacco p.l.c.
b)
LEI
213800FKA5MF17RJKT63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 
Identification code
Ordinary shares of 25p each
 
GB0002875804
b)
Nature of the transaction
Acquisition of shares as a result of the reinvestment of dividend income by the Trustee of the British American Tobacco Share Incentive Plan. 
c)
Price(s) and volume(s)
       
     
Price(s)
Volume(s)
 
     
£41.49623
2
 
           
d)
Aggregated information
 
- Aggregated volume
 
- Price
 
 
2
 
£82.99
e)
Date of the transaction
2025-11-07
f)
Place of the transaction
London Stock Exchange (XLON)

Name of officer of issuer responsible for making notification: Nancy Jiang
Date of notification: 11 November 2025